By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Private Health Insurance Approach Inspires International Changes
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health care > Private Health Insurance Approach Inspires International Changes
Health carePublic Health

Private Health Insurance Approach Inspires International Changes

Rehan Ijaz
Rehan Ijaz
Share
4 Min Read
SHARE

  Private health insurance is a system that, despite having its challenges to overcome during its time, has continuously persevered and continued to present itself as one of the most popular health insurance approaches in the world. And while private health insurance is of course not immune to some weaknesses (is any branch of private health insurance in the world, for that matter?) it is such a positive example of healthy approaches to private health insurance that it is inspiring changes in other countries and areas of the world, too. In Canada, for example, a recent conference hosted in Toronto addressed whether Australia could possibly teach Canada about how to help their own health insurance approach. It was a meeting that discussed both the highs and lows of Australian private health insurance, as well as the possibilities for Canada to take on some of Australia’s healthcare capabilities and reimagine them to adequately work for Canadians. Australia and Canada have learned from one another in the past, and have a harmonious history. Australia’s Medicare universal health insurance scheme was modeled on one from Canada. Not many people are actually aware of this fact, but it is an interesting one to note nonetheless. So, how can Canada and the rest of the world learn from Australia and better their approach to private healthcare insurance? The positive of private health insurance Before anything else, understanding that there are many sites and companies dedicated to the comparison of private health insurance, to help break down which private health insurance company is best suited for individuals and companies alike within the nation. One of the most positive things is that medicines – even the most expensive of new formulations – are made more affordable to the public through the act of private health insurance. On average, Australians pay around a third of the amount Canadians pay for the same (or similar) medications. The drugs listed on the scheme are added after they have been found to be cost-effective, ensuring that all drugs added to the scheme are worth the cost. The same can be said for healthcare standards under private health insurance – but it is not always so rosy. The areas where improvements can be made to private health insurance The downside of private health insurance is that there is often a significant waiting period for many (if not all) medical or healthcare procedures and systems. This is one area where Australians find private healthcare in the nation to be not worth the investment they must pay to have access to it. The same goes for the rest of the world where there is access to private health insurance. Ultimately, there is always a positive and a negative counterpart. What private health insurance can improve on At the end of the day, taking the cost-effective notions that is provided to the people, while eliminating the significant waiting periods. In this way, they can have the best of both worlds. The waiting periods greatly impact how many are willing and able to financially afford and justify private healthcare cover, so if it is possible to integrate the cost-effectiveness of private healthcare, and effectively works with faster waiting times (or even better, no waiting times at all), they can meet and even exceed the private healthcare standards that have made Australia one of the leading examples in private healthcare in the world.

Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

Alzheimer’s Preventable with Lifestyle Changes

August 30, 2011
ebola virus
Global HealthcareNewsPublic HealthTechnology

What the Ebola Outbreak Shows Us About Modern Health Technology

September 19, 2014
healthcare fraud
Health carePolicy & Law

What to Do if Sued for Healthcare Fraud: A Guide for Healthcare Providers

August 11, 2024

Vitamins B, C, D and E and Omega-3 Support Better Cognitive Function

March 3, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?